China will strictly control overcapacity and overlapping production in some industries, according to the just-concluded 13th standing committee meeting of the 11th national people's congress.
Following the guidelines issued by the State Council in September last year on the steel, cement, flat glass, coal, wind-power equipment and electrolytic aluminum industries, the government will take a series of measures.
It will impose strict requirements on market entry and will strengthen coordination between industrial policies and fiscal, environmental, land and finance policies.
It will also release information on industrial performance and market demand in order to guide investment.
(CCTV.com March 1, 2010) |